Cobre Limited Strengthens Exploration Efforts with BHP Partnership

The latest announcement is out from Cobre Limited ( (AU:CBE) ).

Cobre Limited has entered into an Earn-In Agreement with BHP Group Ltd, allowing BHP to invest up to US$25 million for exploration in Cobre’s Kitlanya Projects in Botswana, granting BHP a 75% interest. This strategic partnership enhances Cobre’s exploration capabilities and positions it for potential high-grade copper discoveries. Recent assay results from the Ngami Copper Project in Botswana show promising copper and silver grades, indicating significant exploration potential. In Australia, Cobre’s High Purity Quartz Project has shown successful beneficiation and thermal testing results, suggesting the potential for high purity silica products.

More about Cobre Limited

Cobre Limited is a company operating in the mining industry, focusing on copper exploration projects. The company is primarily engaged in developing its Kitlanya East and Kitlanya West Copper Projects in the Kalahari Copper Belt in Botswana, as well as a High Purity Quartz Project in Western Australia.

Average Trading Volume: 652,000

Technical Sentiment Signal: Buy

Current Market Cap: A$21.98M

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